Spruce, an online real estate transactions platform, has raised $29 million in Series B funding led by Scale Venture Partners, with participation from Zigg Capital and Bessemer Venture Partners.
The funding will support the team’s expansion, accelerate development of its proprietary technology, and deepen integrations with client partners, said Patrick Burns, co-founder and CEO of Spruce.
Spruce, founded in 2016, provides the APIs and services necessary for real estate and mortgage companies to create transactions. Spruce empowers mortgage lenders, real estate investors, and PropTech companies to manage the title and closing process online.
Spruce in 2018 raised $16 million from Bessemer Venture Partners, Omidyar Network, and Collaborative Fund.